Your Cooperative BlogWheat Growers Insights for Field and Farm

Morning Market Insight

Sep.15

September 15, 2014
Drew Johnson
Grain Marketing Specialist

Corn
As of 8:00am 2 lower.

Corn continues to see pressure this morning and new lows continue to be found. There just really is not much to talk about. There is a big crop coming and traders will continue to liquidate. Next big report is on Sep 30th.

Soybeans
As of 8:00am 6 lower

Traders continue to liquidate soybean positions as incoming supply continues to burden the market. There was frost reported in the NW Corn Belt, but it is not being seen as a threat. Louisiana and various southern States are cutting SB’s and yield reports are very good. Traders also watching South America as plans for a big bean acres continue to push traders to the sidelines.

Wheat
As of 8:00am 4 – 5 lower

New contract lows in all three wheat exchanges during the overnight trade. Weather is seen as favorable for winter wheat planting. The weather outlook shows potential for more rains in the eastern Plain over the next week, but the 6-10 and the 8-14 are showing warmer and dryer conditions to finish out the month.

The information contained above was taken from sources which Wheat Growers believe to be reliable, but is not guaranteed by Wheat Growers as to accuracy or completeness and is made available for information purposes only. There is a risk of loss when trading commodity futures and options.